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PayPal
Paypal is an online platform that enables businesses and individuals to transfer money electronically. It is considered the safest payment method for gamblers who want to use e-wallet services when making deposits or withdrawing. This service works in 180 countries worldwide and allows the use of 25 currencies. The company rose to prominence when eBay took over in 2002, but it later spun off to operate as a separate entity in 2014.
You only need the recipient’s email address to transfer the funds. Be sure to register your credit card with your PayPal or bank account to activate the option ‘Send and Request Money.’ The cash is then credited to the recipient’s bank account and used to make payment. As such, you can use the service to make payments online, e.g., on auction sites like eBay and Amazon, among others as long as they have allowed it’s use. Similarly, you can receive payments using this service through your email address. You will receive a notification whenever you get paid, and it reflects on the account. The company also launched a PayPal app to enhance the user’s experience in terms of transfer times and payment.
How does PayPal work with Online Casinos?
Opening an account with this service is straightforward. However, a few rules apply when connecting the account with an online casino when making deposits or withdrawals. For example, some casinos only allow players to use this service when making deposits while others impose withdrawal restrictions, e.g. the amount withdrawn should not exceed the initial deposit when cashing out. As such players should acquaint themselves with such rules before using the service. Keep in mind that online casinos can only provide this service in countries that have a valid gambling license.
Online Casinos with PayPal as a Payment Method
There are numerous online casinos with Paypal. Some online players estimate the overall reliability and security of an online casino through the inclusion of PayPal casino. This is because this online mode of payment imposes strict requirements on businesses that want to use its services. Complaints regarding a casino’s failure to pay its players or other misconduct could lead to closure of its account. Additionally, the payment service only works with online casinos that have a gambling license in the player’s country. For example, if a player has opened an account in the UK, he will be allowed to deposit using that account if the online casino has obtained a gambling license in the jurisdiction. Here are a few examples of online casinos with PayPal.
Leo Vegas
This reputable online casino was initially designed for mobile gaming, but it is also available in a desktop format. It has games from prominent software developers and has been nominated twice; first with the Best Innovation Casino award and as the best gaming operator. LeoVegas provides different e-wallet payment methods including Skrill and this service.
Spin It
The casino has a large selection of games available in multiple languages. It was launched in 2016 in an instant-play mode and mobile format. It also accepts various currencies in different payment methods, including Visa, MasterCard, ecoPayz, and this service.
Online Casinos with PayPal 2020
| Casino | Bonus & Free Spins | Games | Device | Rating | |
|---|---|---|---|---|---|
1
|
$1000 BONUS +200 Free Spins |
1800+ Games |
|
Read review PLAY NOW! | |
2
|
$1600 BONUS |
500+ Games |
|
Read review PLAY NOW! | |
3
|
1000$ BONUS +200 Free Spins |
1300+ Games |
|
Read review PLAY NOW! |
Is it a Safe and Secure Electronic Wallet?
This online payment method follows a stringent user policy to protect players. For example, if the purchased item does not arrive or match the seller’s description, the buyer is reimbursed. Additionally, players are not encouraged to share banking details to reduce the risk of fraud. Also, all transactions are encrypted and monitored 24/7 to prevent identity theft.
Customer Support
The service has a dedicated Resolution Centre that deals with complaints regarding payment and other customer problems.
Pros and Cons of PayPal
Advantages:
Disadvantages:
PayPal FAQs
The online sign-up form is available online on their website; you need to provide your email address, name, your physical address, preferred password, and bank details. You may be required to verify the details when using the service for deposits or withdrawals.
Yes, creating an account with the site and using it to make payments is free. However, if you are making payment in a different currency, the site incurs a conversion charge, which is transferred to the user. Additionally, a fixed fee is charged depending on the user’s country of origin and a specific percentage based on how the account is funded. For example, a cross border fee of 0.3-3.9% is charged on cash sent abroad. The actual fee charged depends on whether you use a credit or debit card or bank account.
Payments are processed instantly and reflect immediately on the players’ account, but it depends on the casino’s policy. Most online casinos provide instant deposits while others have incorporated this platform’s ‘One Touch’ feature that keeps you logged in to the casino account and ensures faster transfer times. Withdrawals take longer (up to three days) because casinos need to review the payments.
PayPal casino allows players to make minimum deposits of between $10 and $25 except in countries where this service is accepted, i.e., the UK, Germany, Spain, Italy, Denmark, Sweden, Portugal, Finland, Austria, and Ireland.
Players also need to take note of how online casinos treat deposit bonuses and fees when using this service. Betfair, for example, charges a deposit fee of 1.5% while casinos using Playtech software give a deposit bonus of 15% for using this payment method.
Sabina Kugler tested and rated Online Casino Payments
Sabina was born in Vienna, now lives in Berlin and is responsible for current promotions and bonus offers. With her charming nature, she also brings out one or two exclusive special offers for our players. In the guide section she will also tell you some tricks on how to best use free spins, bonuses or cashback offers.